|Market Size in 2022
|Market Forecast in 2030
|CAGR (in %)
|USD 5.72 Billion
|USD 8.64 Billion
Goat Cheese Market
The global goat cheese market size valued at USD 5.72 billion in 2022 and is will likely to be valued at USD 8.64 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.29% between 2023 and 2030.
The report analyzes the global goat cheese market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the goat cheese industry.
Goat cheese is also known as chèvre and the market for the same refers to the production, storage, marketing, and distribution of cheese made out of goat milk. It has been a popular dietary choice and is consumed regularly. It is a common part of several diet cultures across the globe. The goat cheese market comprises several forms of goat cheese such as fresh, aged, semi-soft, and hard varieties. This form of cheese is known for its distinct flavor, creamy texture, and nutritional benefits. It is frequently used in food items such as salads, pastas, pizzas, and sandwiches, and as a standalone cheese. Several factors are driving the industry growth with the primary being the increasing number of people across the globe. However, it also has to deal with certain growth restraints and limitations which do not let the market reach its true potential.
Increasing population to drive market growth
The global goat cheese market is projected to grow owing to the increasing population across the globe. Cheese, made of different raw materials, has become an integral part of several diet cultures. It has been an important food product for centuries. As the population rate is rapidly rising, the number of cheese consumers has also surged over the years. Most people consume cheese made of cow’s milk. However, there is a growing segment of people who do not consume cow’s milk and the product derived from it. They are actively seeking other options and goat cheese is one of the preferred choices due to the several health benefits associated with its consumption. It is lower in lactose, making it easier to digest for individuals with lactose intolerance. Goat cheese also contains higher levels of essential nutrients such as calcium, vitamins, and minerals, which appeal to health-conscious consumers. With the increasing number of lactose-intolerant people, the demand for goat cheese is likely to thrive.
Limited milk supply to restrict market expansion
One of the key restraints existing in the global goat cheese industry is the limited supply of goat’s milk as compared to cow’s milk. In general, goats produce less milk than cow’s and this poses a major constraint on the overall production capacity of goat cheese. The availability of the main resource can pose significant limitations in terms of market growth rate and it may further be influenced by factors such as seasonality, breed characteristics, and geographical limitations.
Increasing investment in product innovation and diversification to provide growth opportunities
The global goat cheese industry is expected to witness surging growth opportunities owing to the increasing investment in terms of product innovation and diversification. This includes innovation in different flavors, textures, and formats of goat cheese. By introducing different varieties of the product along with using it in several forms to produce other items, industry players can tap into a broader market range. Furthermore, the introduction of different formats of packaging such as snack-sized portions can deliver better results.
Production cost to challenge market growth
As compared to cow’s milk, the production of goat milk and corresponding cheese can be more expensive due to the limited milk supply in terms of goat cheese. Companies will have to ensure that they can provide satisfactory returns on the cost incurred. It poses a major challenge for the industry players since other alternatives in the market are less resource-intensive.
The global goat cheese market is segmented based on flavor, type, distribution channel, form, and region.
Based on flavor, the global market segments are tangy & tart, and earthy. The goat cheese industry witnessed the highest growth in the tangy & tart flavor segment. They are paired best with fruits, bread, or enjoyed on its own. They are typically bright, zesty, and slightly acidic and are most commonly used in salads, spreads, and other related products. On the other hand, earthy-flavored goat cheese is generally found in ripened or aged goat cheeses. These variants develop complex and deeper flavors over time which in turn adds depth and richness to the cheese. In a recent report published by the Boston Children’s Hospital, nearly 30 to 50 million Americans are known to suffer from lactose intolerance.
Based on type, the global market segments are unprocessed and processed.
Based on distribution channel, the global goat cheese market segments are online retailers, modern trade, convenience stores, and others. The highest CAGR was observed in the convenience stores segment in 2022. This is mainly due to the ease of access that such stores provide. They typically provide everyday essentials and operate for 25 hours of the day and 7 days a week. They are located in residential settings and can also be spotted near urban centers, gas stations, or along major roads and highways. Online retailers have also gained higher popularity due to many people opting for purchasing food products through online sites which is further strengthened by the emerging number of service providers. In 2020 Amazon generated a profit of USD 5.2 billion from its online grocery sales.
Based on form, the global market divisions are ripened cheese, soft cheese, semi-soft cheese, aged cheese, and firm cheese.
|Goat Cheese Market Research Report
|Market Size in 2022
|USD 5.72 Billion
|Market Forecast in 2030
|USD 8.64 Billion
|CAGR of 5.29%
|Number of Pages
|Key Companies Covered
|Montchevre, Belle Chevre, Vermont Creamery, Cypress Grove, Capriole, Redwood Hill Farm & Creamery, Meyenberg Goat Milk Products, Goat Lady Dairy, Woolwich Dairy, Haystack Mountain Goat Dairy, Laura Chenel's, Stickney Hill Dairy, Avalanche Cheese Company, Vermont Butter & Cheese Creamery, Coach Farm, Pure Luck Farm and Dairy, Drake Family Farms, Celebrity Goat Dairy, Beltane Farm, Carr Valley Cheese, Saputo Inc., Lactalis Group, Emmi Group, Savencia Fromage & Dairy, and Groupe Bel.
|By Flavor, By Type, By Distribution Channel, By Form, and By Region
|North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
|2017 to 2021
|2023 - 2030
|Avail customized purchase options to meet your exact research needs. Request For Customization
Europe to register the highest growth
The global goat cheese is expected to witness the highest growth in Europe mainly due to the long-standing consumption of cheese in European nations. Countries such as France, Spain, and Italy could lead the regional market. France is the world’s most popular country in terms of cheese production. Companies from across the globe import cheese made in France. Spain is popular for its cheese range such as Cabrales and Manchego. The high production rate of quality goat cheese in Europe is expected to continue during the forecast period.
In North America, the CAGR may be driven by the growing export and import value of Canadian goat cheese. Consumers in North America are increasingly embracing goat cheese for its unique flavors, nutritional benefits, and suitability for diverse culinary applications.
Growth in Asia-Pacific is projected to be led by the rising revenue in the food & beverages sector owing to the rising population of the region.
The global goat cheese market is led by players like:
By Distribution Channel
Goat cheese is a popular cuisine that has been a part of several diet cultures across the globe for centuries. This form of cheese is made of goat’s milk instead of cow’s milk, which is a more traditional raw form of cheese and is consumed by a large segment of consumers.
The global goat cheese market is projected to grow owing to the increasing population across the globe. Cheese, made of different raw materials, has become an integral part of several diet cultures.
According to study, the global goat cheese market size was worth around USD 5.72 billion in 2022 and is predicted to grow to around USD 8.64 billion by 2030
The CAGR value of goat cheese market is expected to be around 5.29% during 2023-2030.
The global goat cheese is expected to witness the highest growth in Europe mainly due to the long-standing consumption of cheese in European nations.
The global goat cheese market is led by players like Montchevre, Belle Chevre, Vermont Creamery, Cypress Grove, Capriole, Redwood Hill Farm & Creamery, Meyenberg Goat Milk Products, Goat Lady Dairy, Woolwich Dairy, Haystack Mountain Goat Dairy, Laura Chenel's, Stickney Hill Dairy, Avalanche Cheese Company, Vermont Butter & Cheese Creamery, Coach Farm, Pure Luck Farm and Dairy, Drake Family Farms, Celebrity Goat Dairy, Beltane Farm, Carr Valley Cheese, Saputo Inc., Lactalis Group, Emmi Group, Savencia Fromage & Dairy, and Groupe Bel.